Growing buyer interest in Ahmedabad

Q: Hi, Ahmedabad is now a preferred investment destination and the fastest growing city and the best among the megacities in the country.

Sishir,

25th February 2015

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Replies (7)

Ahmedabad has many good real estate projects from leading real estate groups.

Prabodh Sharma, Ahmedabad

24th June 2015

Comment

Hi Prabodh, Can you share some of the best projects in Ahmedabad, I am interested in 2 BHK unit, but my budget is around 35 to 40 less. Please also suggest some good localities for investment purpose?

Nandakishore, Ahmedabad

7th July 2015

Well Aveek,
Initiatives taken by the govt are 1)Gujarat government to make it a zero waste city under the Mahatma Gandhi Swacchta Mission, 2) Ahmedabad Metro has been approved to be a compliment to the successful BRTS, 3) Plans to provide affordable housing with basic amenities for EWS, 4) Chargeable Floor Space Index along the Transit-Oriented Zone, R1 and R2 residential zones to use funds for developing local infrastructure, 5) Complete sanitation under Nirmal Gujarat.

Uday kumar, Chennai

28th February 2015

Comment

Thanks,
What makes the city even more promising is the continuous growth? What are the step taken by the state government for the development of the city?

Aveek Paul,

27th February 2015

Comment

Hi Aveek,
Buyers are keen on mid-income group properties. Therefore the Rs 40-70 lakh budget category that constitutes options in South Bopal, Gota, Vaishno Devi, SP Ring Road and Bopal moves in the market. But unlike the growing trend of going vertical, there seems to be a good number of takers for residential houses amounting to a 23% market share in terms of demand.

Vibhor, Delhi

26th February 2015

Comment

And If you are an investor and have long term goals or want to make the most out of rental returns? Localities such as Satellite, Bopal, Prahlad Nagar, Bodakdev, South Bopal, Vastrapur, Navrangpura, Thaltej and SG Highway are areas that can garner between Rs 10000-15000/month. Prahlad Nagar rises above the other areas as rental values here are in the range of Rs 13000-17000 monthly.

Supratim,

25th February 2015

Comment

Thanks for the information Supratim,
Do you know what is the buyer interest? If i have a budget of Rs. 40-70 lacs then which are the areas i should go for?

Aveek Paul,

25th February 2015

And i hope that this stands true for most Indian cities. While we would not predict the turn of events in 2015, movement show that buyers expect property values to rise in the next 6 months. Overall, active buyers are out in the open to do their homework.

Supratim,

25th February 2015

Comment

Well Supratim,
Can you give me some idea about the best locality for buying property in Ahmedabad? What is the current ongoing rate in that locality?

Aveek Paul,

25th February 2015

@Aveek,
If you are looking to buy then Satellite, South Bopal and Bopal have retained their positions as the top 3 localities to look for properties on sale. Due to increased interest in these areas, capital values have also looked up by 2-4%. Prices are anywhere between Rs 3000-6200/sq-ft in these areas.

Supratim,

25th February 2015

Hi Sishir,
Apart from this, a growing job industry encompassing pharmaceuticals, manufacturing and textile equally contribute to the growth of the city. A majority of the native trading communities of Gujarat are keenly looking at properties in Ahmedabad. Apart from Ahmedabad, Surat and Vadodara are also preferred destinations because of business opportunities.

Supratim,

25th February 2015

Comment

Besides, be it affordable homes or luxury, Ahmedabad has always maintained its livability quotient. A pro-business Central Government today has raised hopes among buyers. Therefore, those who were looking to buy property are now seriously short listing the localities of their choice and negotiating or bargaining as the case may be.

Aveek Paul,

25th February 2015